HomeMy Public PortalAboutResolution 2023-03-05 Partial Reduction in Surety Pursuant to SIA for EMF 12TOWN OF FRASER
RESOLUTION NO. 2023-03-05
A RESOLUTION APPROVING A PARTIAL REDUCTION IN THE SURETY PURSUANT TO
THE SUBDIVISION IMPROVEMENT AGREEMENT (SIA) FOR THE EAST MOUNTAIN
FILING 12
WHEREAS, Rendezvous Colorado, LLC and the Town of Fraser entered into a SIA,
Reception #2020011317, to ensure completion of certain infrastructure and which SIA provides
for reductions in surety requirements; and
WHEREAS, Preliminary Acceptance was granted on July 8, 2022 which allows the
developer to reduce the surety to 20% in accordance with the SIA
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO THAT:
1. The Town Board of Fraser, Colorado hereby authorizes a partial reduction in the surety
required under the terms of The East Mountain Filing NO. 12 SIA from $345,747.00 to
$310,424.00.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 15th DAY OF MARCH 2023.
Votes in favor:
Votes opposed:
Abstained:
BOARD OF TRUSTEES OF THE
TQWLLQF FRASER, COLOR
ATTEST:
Town Clerk